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BRIEF-Cannabrands AG comments on opening of insolvency proceedings
May 18, 2017 / 9:53 AM / 7 months ago

BRIEF-Cannabrands AG comments on opening of insolvency proceedings

May 18 (Reuters) - CANNABRANDS AG:

* WAS INFORMED THAT THIRD-PARTY APPLICATIONS WERE FILED FOR THE OPENING OF INSOLVENCY PROCEEDINGS AGAINST THE COMPANY

* HOWEVER, THE COMPANY‘S PROPOSALS HAVE NOT BEEN RECEIVED. THE CAUSE IS STILL UNCLEAR.

* THIS CIRCUMSTANCE LED TO THE FACT THAT, BY ORDER OF 16.05.2017, THE REGIONAL COURT OF SALZBURG DID NOT OPEN THE INSOLVENCY PROCEEDINGS FOR LACK OF COST COVER Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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